I suppose if you're a trader.. this would be the signal to buy because from what I can see I doubt it's going lower because this is the clearest fractal YOU'LL EVER SEE!! Literally.
a double bottom seems to be forming, quick short position then probable bounce back of support to resistance for a long position, we will see if it breaks resistance for trend continuation!
This time the bears get the upper hand. They managed to breakout the “triple support” zone, after a bullish engulf and they almost hit the red line, which is the strongest support in my view. But, as I said, despite the bullish sign I was not entirely convinced here. Check my previous XRP analysis for more details, link below. Also follow me to keep updated, I do...
It seems that the weekly StochRSI leans towards a rejection, which would lead us to the pursuit of the downtrend until the 0.19-0.20€ support line. StockRSI seems too high to me and its retracement to an full oversold 0.00 level would perfectly bring us to late August-Early September. We have some time for quick bounces until the Monday 20th of this month and the...
